Jan 10, 2013 6:00pm PST
metcalf? >> are the buses entering the station and the buses leaving, crossing each other, so they have to stop and wait for each other? >> there are set of lights controlled.
Jan 10, 2013 6:30pm PST
expenditure. >> thank you. >> we do have questions from director metcalf. >> so whether you add all of those buttresses, going up to more than 200 and a $25 million overexpense compared to what you budgeted. is that out of the $75 million contingency? >> let me talk about that. by the way, if we need to, i don't have it on a slide, but we can have a more detailed report to provide to the board in terms of things that have occurred that cause changes in costs. and to tap into the program accounts. >> that would be great. >> so question do that for a future meeting, certainly. the $75 million, let me expound on contingencies for a minute, if i could take the board's time. there are four buckets of different types of contingency items. the most prominently displayed is the reserve account that director reiskin said is around $25 million today. that is down from 45 when we established the budget. that is intended for things that change the scope of the project. buttress increase was certainly that kind of event that would tap into that. the second type that today is around $32 or $33 milli
Jan 10, 2013 7:00pm PST
, which at the time of the pg&e proposal was 22% of the costs. >> thank you. director metcalf? >> why is the sf puc proposing to subsidize the installation by 3. 5 million dollars? >> the puc is here and barbara hale could speak to that. but in terms of bringing us on as a customer, they are able to further utilize the amount -- to sell on the retail market additional energy that they would otherwise would be surplus and selling on the whole sale market. >> do they make the money back? >> they make the money back. >> thank you. that is all i need. >> director reiskin? >> just a comment, as the chair said, first of all, a very good and comprehensive report. so i appreciate that. and i also think as the transbay terminal itself is enabling a sustainability form of transportation and brings a very big environmental benefit to the region, i think it's very appropriate that we would be powering it with clean hetch hetchy power. so i commend the puc for an innovative and aggressive proposal and i think this is a win-win and good for the puc and it's good for the project and it's good for the c